Under Contract

445 E 535 S

Springville UT, 84663

$825,000


$247.75 per sqft

Under Contract

8 Beds

4 Baths

3,330 sqft

Multi-family

Built in 1976

MULTIPLE APPRAISALS OF $870,000 FOR THE SAME FOURPLEXES NEIGHBORING THIS PROPERTY Nestled in the picturesque town of Springville this exceptional residential fourplex presents a golden investment opportunity for savvy buyers. Located in a serene neighborhood, this property offers a rare combination of comfort, convenience, and potential returns. Comprising four individual units, each featuring 2 bedrooms and 1 bathroom, this fourplex caters to the growing demand for affordable yet desirable rental housing. Upon entering any of the units, investors will find well-designed and functional spaces that maximize comfort and utility. The layout caters to a broad tenant demographic. The spacious bedrooms provide ample room for relaxation, while the shared bathroom is tastefully appointed, ensuring both practicality and style. The exterior is well-maintained, boasting a timeless appeal that adds to the property's overall value. For the investment-minded buyer, this fourplex holds promising financial prospects. With four separate units, there's the potential for multiple income streams, diversifying risk and increasing the overall return on investment. The current rental market trends in the area suggest strong demand for 2-bedroom units, making this fourplex a sound investment choice.

1970460

MLS ID

December 6, 2023

Listed

May 9, 2024

Updated

Map

445 E 535 S
Springville UT, 84663

Interior Features

Total Stories

0


Bedrooms

8


Total Bathrooms

4


Interior Features

Disposal, Range/Oven: Free Stdng


Laundry Description

Electric Dryer Hookup


Floor Description

Carpet, Laminate, Linoleum


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Gas: Central

Exterior/Building Features

Lot Size

0.24 Acres


Lot Features

Curb Gutter, Road: Paved, Sidewalks, View: Mountain


Architectual Style

Stories: 2


Roof

Asphalt

School Information

School District

Nebo


High School

Springville


Elementary School

Brookside

Other Property Details

Area Name

Provo; Mamth; Springville


Taxes

$3,867


Tax Frequency

Annually


Days on Market

29


Garage

No


Parking

Parking: Uncovered


Parking Total

8


View

Yes


View Description

Mountain(s)


County

Utah


Water Source

Culinary


Pool

No


Zoning

Multi-Family


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

1/12/2024

Pending

12/26/2023

Active

12/19/2023

Pending

Courtesy of EXP REALTY LLC (RRET)

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 3:54 PM UTC, 5/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Morkel shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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